Oil prices traded higher as Brent crude futures rose 0.34 percent to trade at $61.89 per barrel, while US WTI crude futures gained 0.57 percent to trade at $52.89 a barrel. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.

Analysts at Goldman Sachs downgraded Yum! Brands, Inc. (NYSE: YUM) from Neutral to Sell and lowered the price target from $83 to $76.

Yum Brands shares fell 2.22 percent to $89.75 in pre-market trading.

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Infosys Ltd (NYSE: INFY) reported weaker-than-expected earnings for its fourth quarter, while sales exceeded estimates. The company also raised its revenue growth forecast foe the full year.

SYNNEX Corporation (NYSE: SNX) reported better-than-expected results for its fourth quarter and issued strong outlook for the first quarter.

Lennar Corporation (NYSE: LEN) reported up to $1 billion stock repurchase program. The company’s board declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock.

PVH Corp (NYSE: PVH) shares surged over 5 percent in pre-market trading after outlining strategic changes to the brand and organization. The company also raised fourth-quarter adjusted EPS guidance by 15 cents to $1.75. The company sees FY18 adjusted earnings of at least $9.50 against a $9.35 estimate.